Two-Unit Duplex with Tile
For Sale
Under Contract
$585,000
512 Holly Drive, Palm Beach Gardens, FL 33410
Residential Income, Palm Beach Gardens, FL
Property Size1,920 SF
Lot Size0.21 Acres
Price / SF$304.69
Days on Market48
Property Features for 512 Holly Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
RM (city)
Bedrooms
4
Full bathrooms
2
Half bathrooms
2
Rooms
Bathroom 1, Bathroom 4, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 3, Bedroom 4, Bedroom 2
Window features
Blinds
Patio and Porch features
Patio
Pets allowed
Yes, No
Exterior features
Barbecue
Fencing
Fenced, Gate
Subdivision
PALM BEACH GARDENS ESTATES
Lot features
Room for Pool, Sidewalks
Elementary school
Palm Beach Gardens
Middle school
Howell L. Watkins
High school
Palm Beach Gardens
Standard status
Active Under Contract
APN
52434218030010020
Size
1,920 SF
Lot size
0.21 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
PL 1 PALM BEACH GARDEN ESTS LT 2 BLK 1
Tax Annual Amount
7468
Legal Description
PL 1 PALM BEACH GARDEN ESTS LT 2 BLK 1
Utilities
Utilities
Water Available
Sewer type
Public Sewer
Heating system
Central, Electric (Heating), Radiant
Cooling system
Electric, Ceiling Fan(s), Central Air
Water source
Public
Amenities
indoor laundry area
Building Details
Year built
1968
Floors in Building
1
Number of units
2
Flooring type
Tile - Ceramic, Tile
Building materials
CBS, Stucco
Roof type
Metal
Buildings
1
Listing Agency:
KW Reserve Palm Beach · Keller Williams Realty
Listed By:
Jeffrey L Tricoli PA · License #3082942
(561) 220-6006
Added: Sep 9
Changed: Oct 26
Last Checked: Oct 26 at 10:06PM
MLS# B26073998
Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This duplex contains 1,920 square feet arranged as two residential units, with each unit offering 2 bedrooms and 2 bathrooms. Both residences include living areas, kitchens with appliances and cabinetry, tile flooring, and indoor laundry areas with washers and dryers. The building was constructed in 1968 with CBS and stucco materials, a metal roof, central air conditioning, and electric heating. Exterior features include a patio, barbecue area, fencing, and a gate.
The property is located at 512 Holly Drive in Palm Beach Gardens, within Palm Beach County. It occupies 0.21 acres and carries RM zoning from the city. Public water and public sewer serve the property, with water available listed among the utilities. The property has no HOA restrictions, according to the provided information.
The property is located at 512 Holly Drive in Palm Beach Gardens, within Palm Beach County. It occupies 0.21 acres and carries RM zoning from the city. Public water and public sewer serve the property, with water available listed among the utilities. The property has no HOA restrictions, according to the provided information.
Key Highlights
- Two residential units, each with 2 bedrooms and 2 bathrooms
- 1,920 square feet on a 0.21‑acre lot
- RM (city) zoning with no HOA restrictions
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,006
Cap Rate
5.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$640,120
$640.1K
Cap Rate 7%
$457,229
$457.2K
Cap Rate 9%
$355,622
$355.6K
Market Conditions
NOI Build-Up for 1,920 SF
Gross rent
$48.4K $25.20/SF
− Vacancy
−$2.7K −$1.39/SF
EGI
$45.7K $23.81/SF
− OpEx
−$13.7K −$7.14/SF
NOI
$32.0K $16.67/SF
Area
Palm Beach County, FL
Vacancy
5.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$640,120
Cap Rate 7%
$457,229
Cap Rate 9%
$355,622
Alternative Uses
Best Use
Multifamily LT 5
$457.2K
$400.1K – $533.4K
NOI $32,006 @ 7.0% cap · market cap 5.47%
Second Best
Apartment 5plus
$421.8K
$369.1K – $492.1K
NOI $29,528 @ 7.0% cap · market cap 5.05%
Theoretical Best
Office A
$1.35M
$1.18M – $1.58M
NOI $94,652 @ 7.0% cap · market cap 16.18%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,074
Businesses Nearby
Explore this area
Business Placement
Demographics for 33410, FL
35,946
Population
17,830
Households
2
Avg Household Size
47
Median Age
47%
College-Educated
95%
High-School Grad
11.4 sq mi
ZIP Area
3,153
Density / Sq Mi
$96,059
Median Household Income
$47,169
Median Earnings
$2,193
Median Rent
$469,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - RM-zoned residential income property with separate living areas, kitchens, laundry spaces, and included appliances.
Where is this duplex located?
The property is located at 512 Holly Drive Palm Beach Gardens, FL.
What is the asking price?
The asking price for this property is $585,000.
What are key features of this property?
This property features: Two residential units, each with 2 bedrooms and 2 bathrooms; 1,920 square feet on a 0.21‑acre lot; RM (city) zoning with no HOA restrictions
